ABC's sales for this year were $32,250,000 and the Accounts Receivable Turnover Ratio was 15.5. Next...

 

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ABC's sales for this year were $32,250,000 and the Accounts Receivable Turnover Ratio was 15.5. Next year, they anticipate sales of $30,000,000 and an Accounts Receivable Turnover Ratio of 19.2. If that happens, by how much will Accounts Receivable change? ABC's sales for this year were $32,250,000 and the Accounts Receivable Turnover Ratio was 15.5. Next year, they anticipate sales of $30,000,000 and an Accounts Receivable Turnover Ratio of 19.2. If that happens, by how much will Accounts Receivable change?

Answer rating: 100% (QA)

To calculate the change in accounts receivable we need to compare the accounts receivable for the cu... View the full answer